What is Full & Final settlement?
Full and Final settlement letter is a letter that may be written by those employees who have been a part of a certain organization, and after resignation, they are requesting for the full and final settlement of dues or payments which have to be settled by the organization. The process of full & final settlement is fairly simple and is as per guidelines set out in the appointment agreement.
Full and final settlement format should include all the major Components that are part of the Full & Final Settlements like Unpaid Salary, Non-Availed Leaves & Bonus, Gratuity, Deductions, and Pension. As per the rules, the full & final settlement letter needs to be issued on an employee’s last working day in the company. However clearance usually takes time, it is a procedure to do so within 30-45 days after last working day of the employee. Many samples of final settlement letter can be downloaded.
FULL & FINAL SETTLEMENT FORM:
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